Vitol announces a gas and condensate discovery in CTP-Block 4 offshore Ghana by a consortium comprising Vitol (33.975%), Eni (operator – 42.469%), GNPC (10%), Woodfields Upstream (9.556%), Explorco (4%). At present, gross discovered volume ranges are under review but could be in excess of 550BCF gas and 18mmbbl of condensate.

The well was drilled 50km offshore Ghana and 12 km north west of the production vessel for the existing Sankofa and Gye Nyame offshore development (OCTP). It was drilled in a water depth of 350m and reached a total depth of 3,790m. It proved a single gas and condensate column in a 20m thick sandstone interval of Cenomanian age. Further drilling is required to confirm any potential upside.

Russell Hardy, Group CEO, Vitol said; “Vitol is proud to have been a part of Ghana’s energy sector for almost 30 years. We are committed to continuing to invest in Ghana’s energy infrastructure and are pleased with this latest development.”

About Vitol

Vitol is an energy and commodities company; its primary business is the trading and distribution of energy products globally – it trades over seven million barrels per day of crude oil and products and, at any time, has 250 ships transporting its cargoes.

Vitol’s clients include national oil companies, multinationals, leading industrial and chemical companies and the world’s largest airlines. Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally including: circa 18mm3 of storage across seven continents, 480kbpd of refining capacity and 5,000 service stations across Africa, Australia, Eurasia and in Northwest Europe.